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Ammonia and other nitrogen fertiliser prices jumped sharply in the week, with news that ammonia costs could move significantly higher. Grain futures fell on Monday and were trying to recover while markets awaited a two-day Federal Reserve meeting.
Higher nitrogen input costs squeeze farm margins and can shift acreage decisions away from corn, which is supportive for corn prices over the medium term.
farmprogress.comJan 31, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
